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Atlantic Union Bankshares Corporation (AUB)
NYSE:AUB
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.74Last Year’s EPS
0.65Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 17, 2018
|% Change Since: -1.37%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Neutral
The earnings call highlights significant strategic achievements such as successful acquisitions and robust loan production growth, which are somewhat offset by specific credit challenges and margin compression. The company is optimistic about future growth, driven by strong market conditions and strategic positioning.Company Guidance
During the Atlantic Union Bankshares Fourth Quarter 2024 Earnings Call, the company provided guidance indicating mid-single-digit growth in loans and deposits for 2025, with a projected fully taxable equivalent net interest income ranging between $775 million and $800 million. The expected net interest margin for 2025 is forecasted to be between 3.45% and 3.6%, based on assumptions of two 25 basis point cuts by the Federal Reserve. The company anticipates adjusted operating noninterest income to be between $125 million and $135 million, with adjusted operating noninterest expenses, excluding amortization of intangible assets, projected to be in the range of $475 million to $490 million. Additionally, the company highlighted its strategic focus on the proposed acquisition of Sandy Spring Bancorp, which is anticipated to enhance its market presence and financial performance.Successful Acquisition of American National Bankshares
Closed acquisition on April 1, 2024, resulting in expanded markets and strong integration with positive outcomes.
Proposed Acquisition of Sandy Spring Bancorp
Announced acquisition of Sandy Spring Bancorp, expected to close on April 1, 2025, pending approvals. Aims to combine market-leading regional banks in Maryland and Virginia.
Loan and Deposit Growth
Loan growth of approximately 3% annualized in Q4 2024 and deposit growth of approximately 2% annualized.
Increase in Loan Production
Total loan production increased by 29% quarter-over-quarter, with significant contributions from existing and new clients.
Adjusted Operating Earnings
Adjusted operating earnings available to common shareholders were $61.4 million, with a return on tangible common equity of 15.3% in Q4 2024.
Favorable Economic Indicators
Operating in healthy markets with unemployment rates below the national average across Virginia, Maryland, and North Carolina.
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AUB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AUB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 23, 2025 | $37.87 | $36.57 | -3.43% |
| Oct 21, 2024 | $38.50 | $35.92 | -6.70% |
| Jul 25, 2024 | $39.68 | $40.48 | +2.02% |
| Apr 23, 2024 | $32.69 | $32.02 | -2.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Atlantic Union Bankshares Corporation (AUB) report earnings?
Atlantic Union Bankshares Corporation (AUB) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Atlantic Union Bankshares Corporation (AUB) earnings time?
Atlantic Union Bankshares Corporation (AUB) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AUB EPS forecast?
AUB EPS forecast for the fiscal quarter 2025 (Q1) is 0.74.
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